Separately, FBR & Co initiated coverage on shares of Arch Coal in a research report on Wednesday, October 5th. They set an outperform rating and a $71.00 price objective on the stock.
Shares of Arch Coal (NASDAQ:ARCH) opened at 66.97 on Monday. The company’s 50-day moving average is $13.19 and its 200-day moving average is $3.59. Arch Coal has a 12-month low of $0.04 and a 12-month high of $70.00.
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